Multiple Revenue Streams
November 11, 2009 by Matt Trostle · Leave a Comment
As a small business owner you’re always strapped for time. You want to grow your business but you don’t have the time to take on more clients. Here are some great ways to increase website revenue without even one more client!
Affiliate Programs
My #1 recommendation for everyone who runs a business is to incorporate affiliate programs as a secondary source of income. You can even build a business based solely off of other people’s products!
Creating Info Products
One of the most profitable ways to increase your income is by taking the knowledge you already possess and turning it into an information product. Ebooks, audios and videos can make very profitable info products!
Hard Goods/Dropshipping
Another good income source is through dropshipping actual physical products. There’s more overhead than affiliate products and info products but if you find a good supplier, it may be a good fit.
Ad Publishing
This is one of the easiest methods to making extra cash online. If your website or blog has decent traffic, you could benefit by publishing ads on your site. Google, for example, will then pay you for every click your site generates for them!
Network Marketing
Network marketing, or MLM, is becoming more mainstream as the industry is becoming more legitimized and regulated. There are literally thousands of companies to choose from and one may be in alignment with your business.
Coaching/Consulting
If you’ve been in your business or industry for some time or are naturally a good teacher, you could supplement your income by coaching others. Spend some time mentoring a newbie or up and coming. They’ll love you for it and and you’ll feel amazing being able to help someone in a profound way!
